Illinois lawmakers approve crypto tax with felony penalties

Illinois' pause on data center tax breaks may shift crypto miners to states with more favorable incentives, impacting local economies and energy policies. The post Illinois governor pauses data center tax breaks starting July 1, raising costs for crypto miners appeared first on Crypto Briefing.

The US House Ways and Means Committee has released a set of seven crypto tax discussion drafts aimed at giving more structure to how digital-asset investors are taxed in the country.  The effort is intended to clarify rules around timing and treatment, an area where crypto-related tax questions have often left investors and tax professionals […]

The law, part of a budget plan passed by Illinois lawmakers, would put the burden of collecting a 0.2% tax on crypto transactions on a registered broker.

Gov. JB Pritzker says he intends to sign legislation to give Illinois a regulatory framework for artificial intelligence developers with a measure that garnered bipartisan support and the backing of AI companies.

Here’s why Anthropic and OpenAI are on board with Illinois safety testing.

Illinois' AI safety bill could set a national precedent, pushing companies to adopt comprehensive safety audits and transparency standards. The post Illinois passes nation’s strongest AI safety bill requiring audits of major labs appeared first on Crypto Briefing.

The bill requires companies like OpenAI, Anthropic, and Google to have third parties confirm they’re following safety standards. Illinois Governor JB Pritzker says he’ll sign.

Kenyan Treasury Cabinet Secretary John Mbadi dismissed widespread rumors that the Finance Bill 2026 introduces new taxes on cryptocurrency transactions. Clarifications on Digital Content and Bread Taxes In a bid to quell growing public anxiety, Kenyan Treasury Cabinet Secretary John Mbadi has dismissed reports that the government is imposing fresh tax levies on cryptocurrency transactions. […]